Evonik Industries and Saudi Acrylic Acid Company established a joint venture

August 29/2011

(Plastemart) -- Evonik Industries
and Saudi Acrylic Acid Company (SAAC) have established a joint venture called
Saudi Acrylic Polymers Company (SAPCo) for the production of superabsorbents.
SAAC is a joint venture of the Saudi companies National Industrialization
Company (Tasnee) and Sahara Petrochemicals. The production facility with the
capacity of 80,000 metric tpa is scheduled to begin production in late 2013. The
total investment will be in the triple-digit million Euro range. The
EPC-contract will be assigned to Fluor. The SAPCo superabsorbent production is
part of a new acrylic acid and derivative complex on the Tasnee premises of the
Al Jubail Chemical Park in Saudi Arabia and will benefit from favorably priced
propylene feedstock from the adjacent cracking facility operated jointly by
Tasnee, Sahara and Lyondell Basell.